IFRS 15 in Telecommunication Industry

Authors

  • Shashikant Choubey

DOI:

https://doi.org/10.33516/maj.v51i5.43-46p

Abstract

IFRS 15 (Revenue from contract with customer) is being applied with effect from1st January, 2017.  The new standard is making a significant impact on telecom industry, because of its nature of business, where the industry profusely enters into bundle contract with the customers. Revenue is to be recognised when (or as) the entity satisfies each performance obligation. IFRS 15 is not limited to accounting treatment, but wisely impact on strategical business decision, marketing channel and internal system and processes. Currently the industry is in consolidation phase across the world, the new standard enrich this trend much faster and competitive.

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Published

2016-05-01

How to Cite

Choubey, S. (2016). IFRS 15 in Telecommunication Industry. The Management Accountant Journal, 51(5), 43–46. https://doi.org/10.33516/maj.v51i5.43-46p

Issue

Section

Cover Story

References

ifrs.org